Purchase of Own Securities

JP Morgan Fleming Indian IT PLC
20 January 2003




                          STOCK EXCHANGE ANNOUNCEMENT


                  JPMORGAN FLEMING INDIAN INVESTMENT TRUST PLC


                 REPURCHASE OF ORDINARY SHARES FOR CANCELLATION



JPMorgan Fleming Indian Investment Trust plc announces that, on 20th January
2003, in the market they purchased for cancellation 100,000 ordinary shares at
56.75p per share representing 0.14% of the ordinary shares in issue.


The number of shares repurchased under the current authority now totals
8,475,000.


The remaining shares in issue following this repurchase total 69,594,792.





20th January 2003


For further information, please contact:



Fraser Easton  (Company Secretary)
J.P. Morgan Fleming Asset Management (UK) Limited, 020 7742 3425


Tod Davis
Cazenove & Co - Stockbrokers to the Company
020 7214 7507








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